VP, Counterparty Credit Risk Manager

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Position Summary:

Credit Officer role covering counterparties/clients based in the Americas.

Primary Responsibilities:

• Will manage and control a portfolio of counterparties.
• Will perform counterparty credit analysis on a range of counterparty types: banks, broker dealers, clearing houses, insurance companies, REITs, Mortgage originators and servicer and specialty finance companies.
• As part of the counterparty assessment will perform due diligence including regular information gathering discussions/meetings with clients as needed, ability to work closely with MUFG revenue generators and other internal colleagues across functions and affiliates are required skills for this role.
• Will document the counterparty credit assessment including proposed counterparty credit ratings using approved internal rating approaches and will propose credit risk appetite in the form of credit limits.
• Will manage the credit application process to achieve a decision and ensure approved limits are properly recorded in our systems.
• Will work with Legal and the Business to ensure counterparty legal documentation is completed and appropriately reflects required credit terms.
• In addition to covering a portfolio of counterparties the Credit Officer will support credit related projects and initiatives and be involved with the RCSA process and control testing for Credit Risk Management.

Qualifications:

• Minimum of 5-7 years of experience in Banking with at least 3 years in a Credit Risk or similar role (either first or second line).
• Technical skills: Intermediate level expertise in the Microsoft Suite of applications with a focus on Excel, V-Lookups and Pivot Tables is important. PowerPoint skills are welcome.
• Basic Product Knowledge: Knowledge of repos, securities lending and derivatives products is important.
• Experience writing credit reviews on Mortgage Originators, REITS, servicers, banks, broker dealers and related FIG counterparty types.
• Interpersonal skills: Ability to communicate and collaborate with colleagues across support functions and interact regularly with Sales/Trading revenue generators and clients.
• Experience performing counterparty credit analysis on a range of FIG related counterparty types.
• Capable of performing due diligence including regular information gathering discussions/meetings with clients as needed, ability to work closely with MUFG revenue generators and other internal colleagues across functions and affiliates are required skills for this role.
• Knowledge of counterparty legal documentation and related credit terms, as applicable is useful.

The job description and related application pertains to an opportunity with either MUFG Bank, Ltd., Canada Branch (MUFG Bank Canada) or MUFG Securities (Canada), Ltd. (MUFG Securities Canada). The job description relates to the general nature, scope, quantity and quality of work contemplated for the position. Other duties and responsibilities not specifically described may be assigned from time to time, consistent with knowledge, skills and abilities of the incumbent. The receipt of an application by either MUFG Bank Canada or MUFG Securities Canada, as applicable, does not imply or guarantee employment.Each of MUFG Bank Canada and MUFG Securities Canada is an equal opportunity employer.As a federally regulated entity, MUFG Bank Canada is required to comply with applicable laws which prohibit discrimination based on protected grounds and which require accommodation to individuals in accordance with the requirements outlined in the Canadian Human Rights Act and the Canada Labour Code. Where MUFG Bank Canada obtains information relating to protected grounds under the Canadian Human Rights Act as part of the application process, it does so to monitor and otherwise evaluate its own compliance with such legislation and associated regulatory requirements; MUFG Bank Canada does not use such information for decision making purposes relating to the position contemplated in this application.As a provincially regulated entity, MUFG Securities Canada is required to comply with applicable laws which prohibit discrimination based on protected grounds and which require accommodation to individuals in accordance with the requirements outlined in the Human Rights Code (Ontario) and the Employment Standards Act (Ontario). Where MUFG Securities Canada obtains information relating to protected grounds under the Human Rights Code (Ontario) as part of the application process, it does so to monitor and otherwise evaluate its own compliance with such legislation and associated regulatory requirements; MUFG Securities Canada does not use such information for decision making purposes relating to the position contemplated in this application.